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Director Dealings: Gym Group, Barratt Developments

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James Norris reviews directors buying and selling shares in their own company in his weekly column.

  1. Non exec buys 15k shares in Gym Group
  2. 3i Infrastructure non exec buys 6k shares
  3. CFO buys 40k shares in Morgan Advanced Materials
  4. Chairman buys £110k shares in Chaarat Gold Holdings
  5. Barratt Developments Chairman and CFO purchase shares

Gym Group (LON: GYM) non-executive director Richard Stables last Friday bought 15,000 shares at 126.9p, for just over £19,000. The company recently reported a 50% increase in memberships since February last year, a 32% increase in sales and a narrowing of losses but admitted that it was not expecting to recover to pre-pandemic levels until the fourth quarter this year, with inflation adding about 4-6% to its operating costs. This year saw the company accelerate its openings, with 25-30 openings scheduled for 2023-24. At close of trading, the stock was priced at 124p, a return of -52.2% YTD and -59.3% over 12 months.

3i Infrastructure (LON: 3IN) non-executive director Wendy Dorman bought 6,347 ordinary shares in the company at 315.1p per share, for £19,999. Earlier this month, 3i completed a $377m investment to acquire a 100% stake in Global Cloud Xchange, a leading global data communications service provider and owner of the world’s largest private subsea fibre optic network. GCX trading and cash flow performed strongly in the year to 31 March 2022 and the good momentum in the business has continued into the company’s current financial year. At close of trading, the stock was priced at 326.5p, a return of -12.7% YTD and -2.5% over 12 months.

Morgan Advanced Materials (LON: MGAM) chief executive Pete Raby and chief financial officer Richard Armitage have each acquired 4,285 shares at 210p, in the form of an option over shares that is due to mature on 1 December 2025. Separately, Armitage also bought 40,000 shares at 229p, for £91,600. Morgan, a materials science and application engineering company operating in the clean energy, clean transportation, semiconductors and healthcare sectors, in its half-year results to June reported revenue growth of 11.2% and an adjusted operating profit margin of 13.7%. The company expects adjusted operating profit for this year to be at the top end of current analysts’ forecasts. At close of trading, the stock was priced at 233.5p, a return of -34.9% YTD and -37.7% over 12 months.


Chaarat Gold Holdings (LON: CGH) chairman Martin Andersson has bought 776,762 shares in the company over four days, at around 14p, for a total of £110,595. The shares were acquired through Labro Investments, in which Andersson is a majority shareholder. Labro now holds 44.75% of the company’s issued share capital, while the combined holding of Labro and Andersson now represents 45.76%. Chaarat is a gold miner with assets in Armenia and the Kyrgyz Republic. At close of trading, the stock was priced at 12.1p, a return of -37.8% YTD and -45.3% over 12 months.

Barratt Developments (LON: BDEV) chairman John Allan last week bought 12,000 shares 414p, for £49,662, while chief financial officer Mike Scott bought 15,744 at 413p, for £65,070. Earlier this month, Barratt posted record adjusted pre-tax profit of more than £1bn. The company said that despite the continued macroeconomic uncertainties, the housing market fundamentals remain attractive, with strong demand for high-quality, energy-efficient homes across the UK. Barratt is also aiming to return £200m of surplus capital through a share buyback programme. At close of trading, the stock was priced at 385.2p, a return of -47.9% YTD and -42.9% over 12 months.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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